Huntington Ingalls Industries (NYSE:HII) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Huntington Ingalls Industries (NYSE:HII) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $290.00.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $253.83 on Wednesday. Huntington Ingalls Industries has a 1 year low of $213.02 and a 1 year high of $299.50. The company has a fifty day simple moving average of $265.23 and a 200 day simple moving average of $260.55. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company has a market cap of $9.96 billion, a P/E ratio of 13.47, a P/E/G ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 earnings per share. On average, sell-side analysts predict that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.05%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 27.59%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries during the third quarter valued at approximately $29,000. Riverview Trust Co bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $30,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. Finally, Larson Financial Group LLC lifted its position in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares during the period. Institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.